Operating Profit of $0.894 MILLION
Profit Margin increased over 121%!!!
Revenues in Q1 were almost half of the Revenues in all of 2007!
Divide Operating Profit by only 27mm shares outstanding, you get 3.31 cents per share, multiply by conservative P/E multiple of 15, equals $0.50 per share.
Now--at a rate of $6mm in revs per quarter, which is a very low estimate imo, you have double the revs from last year, with increased margins, puts operating profits for 2008 at around $2,000,000 minimum, possibly as high as $5mm based on Q1 margins, but at only $2mm times conservative P/E multiple of only 15, you have a share price of $1.11!! If closer to $5mm, then you have a share price of $2.78!! Let's stay conservative here for now.
It's showtime folks!
Recommendation: Be Aggressive here, Strong BUY imo
any flippers out there, hold tight until at least .15 on first wave.
Good Luck and glad to be here! This is by far the most promising play I have ever come across. This stock could actually bring you 33X your investment in a very short period of time. Only in America!!